Expedia Group Inc. (EXPE)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,581,000 | 12,396,000 | 12,158,000 | 11,945,000 | 11,465,000 | 11,457,000 | 10,704,000 | 9,648,000 | 8,373,000 | 6,685,000 | 5,200,000 | 3,643,000 | 4,960,000 | 6,787,000 | 8,914,000 | 11,557,000 | 11,954,000 | 11,766,000 | 11,477,000 | 11,192,000 |
| Receivables | US$ in thousands | 2,833,000 | 2,837,000 | 2,973,000 | 2,576,000 | 2,118,000 | 2,056,000 | 2,278,000 | 1,829,000 | 1,349,000 | 1,587,000 | 1,839,000 | 1,399,000 | 821,000 | 949,000 | 1,109,000 | 1,497,000 | 2,594,000 | 2,746,000 | 3,021,000 | 2,763,000 |
| Receivables turnover | 4.44 | 4.37 | 4.09 | 4.64 | 5.41 | 5.57 | 4.70 | 5.28 | 6.21 | 4.21 | 2.83 | 2.60 | 6.04 | 7.15 | 8.04 | 7.72 | 4.61 | 4.28 | 3.80 | 4.05 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,581,000K ÷ $2,833,000K
= 4.44
Expedia Group Inc's receivables turnover ratio indicates the efficiency with which the company is able to collect payments from its customers. The ratio has fluctuated over the past eight quarters, ranging from a low of 4.12 in Q2 2023 to a high of 5.51 in Q4 2022 and Q3 2022.
A declining trend in the receivables turnover ratio may suggest that the company is taking longer to collect payments from customers, which could potentially indicate issues with credit policies or collection efforts. Conversely, an increasing trend in the ratio may indicate that the company is improving its receivables management and collecting payments more quickly.
Overall, Expedia Group Inc's receivables turnover ratio has shown some variability but generally remains at a level that suggests the company is effectively managing its accounts receivables. Further analysis in conjunction with other financial ratios and industry benchmarks would provide a more comprehensive assessment of the company's financial performance and credit management practices.
Peer comparison
Dec 31, 2023